Commonwealth Care Alliance

Boston, United States Founded: 2003 • Age: 23 yrs Acquired By CareSource
Integrated health care systems are coordinated by the association.
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About Commonwealth Care Alliance

Commonwealth Care Alliance is a company based in Boston (United States) founded in 2003 was acquired by CareSource in April 2025.. Commonwealth Care Alliance has completed 2 acquisitions, including Reliance Healthcare and Vitality Health Plan.

  • Headquarter Boston, United States
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Commonwealth Care Alliance, Inc
Operational Areas
Healthcare → Healthcare Education, Research & Associations
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    CareSource

    (Apr 09, 2025)

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People of Commonwealth Care Alliance
Headcount 1000-5000
Employee Profiles 110
Board Members and Advisors 10
Employee Profiles
People
Michael Soones
Director, Encounter Data Management
People
K.C. Turan
Chief Risk, Compliance & Ethics Officer
People
Christopher D. Palmieri
President & CEO
People
David Jesik
Vice President, Actuarial Services

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Funding Insights of Commonwealth Care Alliance

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Commonwealth Care Alliance

Commonwealth Care Alliance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CareSource. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Healthcare-focused insurance brokerage services are provided in the United States.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Commonwealth Care Alliance

Commonwealth Care Alliance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Reliance Healthcare and Vitality Health Plan. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Health insurance services are provided by Vitality Health Plan.
2017
General medical care is delivered at a standalone clinic facility.
2014
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Commonwealth Care Alliance

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Commonwealth Care Alliance Comparisons

Employees
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Competitors of Commonwealth Care Alliance

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Commonwealth Care Alliance

Frequently Asked Questions about Commonwealth Care Alliance

When was Commonwealth Care Alliance founded?

Commonwealth Care Alliance was founded in 2003.

Where is Commonwealth Care Alliance located?

Commonwealth Care Alliance is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.

What does Commonwealth Care Alliance do?

Commonwealth Care Alliance was established in 2003 in Boston, United States, as an association in the health care sector. Integrated care models are emphasized, with services encompassing coordinated medical, behavioral, and social support for vulnerable populations. Operations are centered in Massachusetts, where programs are delivered to improve access and outcomes in community-based settings. The focus remains on nonprofit health plans and partnerships for sustainable care delivery.

How many acquisitions has Commonwealth Care Alliance made?

Commonwealth Care Alliance has made 2 acquisitions, including Reliance Healthcare, and Vitality Health Plan.

Who are Commonwealth Care Alliance's investors?

Commonwealth Care Alliance has 1 investor. Key investors include CareSource.

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